https://www.taxtmi.com/circulars?id=7371 Amends foreign equity investment norms for the Non Banking Financial Services sector to impose a minimum capitalisation requirement of US$ 0.5 million for non fund based advisory or consultancy activities, irrespective of foreign equity participation, and applies this requirement to investment advisory services, financial consultancy, credit reference agencies, credit rating agencies, forex broking and money changing business; other provisions of the earlier Press Notes remain applicable. en-us Thu, 01 Jul 1999 00:00:00 +0530 Fri, 04 Sep 2009 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7371 Amends foreign equity investment norms for the Non Banking Financial Services sector to impose a minimum capitalisation requirement of US$ 0.5 million for non fund based advisory or consultancy activities, irrespective of foreign equity participation, and applies this requirement to investment advisory services, financial consultancy, credit reference agencies, credit rating agencies, forex broking and money changing business; other provisions of the earlier Press Notes remain applicable. Circulars FEMA Thu, 01 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7371